Key responsibilities of the role include collaboration with the Regulatory Reporting team to implement externally mandated changes to calculations, and improve documentation, processes and controls, covering COREP capital and liquidity returns submitted to the Prudential Regulation Authority. The scope of role covers the Bank and Consolidated Group, as well as overseeing Pillar 3 disclosures.
The role holder will achieve this by keeping up to date with reporting requirements, reviewing current reporting processes and highlighting areas for improvement in control and efficiency, and implementing changes as required.
Process and control enhancements
*Identify areas for change by reviewing processes with the Regulatory Reporting team and advise on the prioritisation of any enhancements
*Support the Regulatory Reporting team to implement improvements to reporting processes
*Ensure processes are well documented and meet the requirements of the end-user computing (EUC) standard and models standard
*Perform user acceptance testing (UAT) on changes implemented by IT or the Regulatory Reporting team
Regulatory change
*Work with the Regulatory Policy Manager to ensure accurate delivery of new regulatory returns and reports, ensuring appropriate involvement of relevant colleagues
*Maintain current knowledge of reporting requirements, regulatory changes and any new developments
*Provide advice on IRB project developments, including an understanding of requirements and performing user acceptance testing to ensure smooth transition from project to BAU
*Perform impact analysis of proposed regulatory changes, assumptions and judgement changes, where applicable
Control testing and assurance
*Work with Regulatory Change & Control Analyst to perform controls and sample testing to test compliance with regulatory reporting standard on an ongoing basis; covering the all group businesses (via Finance Directors)
*Liaise with key stakeholders, in particular Finance, Risk and Treasury to ensure appropriate reviews are undertaken and sufficient challenge is provided
*Set standards for IRB procedure assurance
*Set standards for IRB sample testing and conduct, where appropriate
*Prepare a monthly assurance report showing progress during the month, escalating any completion risks to Head of Regulatory Reporting and the Capital Adequacy Committee